Live-Work Building with Street
80 Chestnut Hill Road Rochester, NH 03867
For Sale
$375,000
MULTI_FAMILY - Other - Rochester, NH
Property Size2,254 SF
Lot Size0.40 Acres
Price / SF$166.37
Days on Market48
Property Features for 80 Chestnut Hill Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- NMU
- Rooms
- Basement
- Standard status
- Active
- Size
- 2,254 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5456
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Shingle, Membrane
- Architectural style
- Other
Listing Agency:
REAL Broker NH, LLC
(855) 450-0442
Listed By:
Orion Moquin
(855) 450-0442
Added: Jun 8
Changed: Jul 9
Last Checked: Jul 25 at 9:06AM
MLS# 5093470
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1920, this live-work building combines a commercial space with a residential unit on the same lot. The commercial portion features an open, street-facing layout of approximately 1,400 square feet, suited for a range of neighborhood-oriented businesses. The residential side is a 2-bedroom apartment that is already rented to long-term tenants. The property also includes an attached carport, paved parking in front, and a deep lot behind the building.
The building is located on Chestnut Hill Road in Rochester, positioned between downtown Rochester and The Ridge. Access is supported by quick connections to Routes 16, 11, and 125. The Neighborhood Mixed Use (NMU) zoning is intended to accommodate business use, and the street frontage includes an oversized, grandfathered sign.
For operators seeking the convenience of running a business and living on-site, the street-facing retail area and the adjacent rented apartment offer two separate income streams or a combination of live-work use. Interested buyers should confirm which specific uses are by right versus those requiring town approval with the City of Rochester and complete their own due diligence.
The building is located on Chestnut Hill Road in Rochester, positioned between downtown Rochester and The Ridge. Access is supported by quick connections to Routes 16, 11, and 125. The Neighborhood Mixed Use (NMU) zoning is intended to accommodate business use, and the street frontage includes an oversized, grandfathered sign.
For operators seeking the convenience of running a business and living on-site, the street-facing retail area and the adjacent rented apartment offer two separate income streams or a combination of live-work use. Interested buyers should confirm which specific uses are by right versus those requiring town approval with the City of Rochester and complete their own due diligence.
Key Highlights
- Live/work building: commercial space plus a 2‑bedroom apartment on the same lot, legally.
- Commercial area includes about 1,400 SF of open, street‑facing space with Neighborhood Mixed Use zoning for multiple retail/office uses.
- Apartment side is already rented to long‑term tenants, providing income from day one.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.3k | $21.00 |
| − Vacancy | −$6.3k | −$2.79 |
| EGI | $41.0k | $18.21 |
| − OpEx | −$10.3k | −$4.55 |
| NOI | $30.8k | $13.66 |
2,254 SF · lease $21.00/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$439.7K
$384.7K – $513.0K
NOI $30,779 @ 7.0% cap · market cap 8.21%
Second Best
Retail
$390.3K
$341.5K – $455.4K
NOI $27,321 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$603.0K
$527.6K – $703.5K
NOI $42,211 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rochester TV Sales ...
Computer & Electronic Repair
FAQs
What type of property is this?
Live-work space - Zoned NMU, this property combines street-facing retail space with a long-term rented 2-bedroom apartment.
Where is this live-work space located?
The property is located at 80 Chestnut Hill Road Rochester, NH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Live/work building: commercial space plus a 2‑bedroom apartment on the same lot, legally.; Commercial area includes about 1,400 SF of open, street‑facing space with Neighborhood Mixed Use zoning for multiple retail/office uses.; Apartment side is already rented to long‑term tenants, providing income from day one.
